17 CFR § 171.42 - Notice of a final decision of the National Futures Association in a member responsibility action.
---
identifier: "/us/cfr/t17/s171.42"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "17 CFR § 171.42 - Notice of a final decision of the National Futures Association in a member responsibility action."
title_number: 17
title_name: "Commodity and Securities Exchanges"
section_number: "171.42"
section_name: "Notice of a final decision of the National Futures Association in a member responsibility action."
chapter_name: "COMMODITY FUTURES TRADING COMMISSION"
part_number: "171"
part_name: "RULES RELATING TO REVIEW OF NATIONAL FUTURES ASSOCIATION DECISIONS IN DISCIPLINARY, MEMBERSHIP DENIAL, REGISTRATION AND MEMBER RESPONSIBILITY ACTIONS"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "7 U.S.C. 4a, 12a and 21, unless otherwise noted."
regulatory_source: "55 FR 41068, Oct. 9, 1990, unless otherwise noted."
cfr_part: "171"
---
# 171.42 Notice of a final decision of the National Futures Association in a member responsibility action.
(a) *When required.* The National Futures Association shall promptly serve all parties, as well as the Proceeding Clerk and Secretary of the Commission, with a written notice of any final decision in a member responsibility action. The notice may be contained in the written decision issued by the National Futures Association. If the National Futures Association determines that the decision shall be effective upon issuance, in addition to serving a written notice, it shall also contact the parties and the Proceedings Clerk by telephone to inform them of its determination.
(b) *Contents of the written notice.* At a minimum, the notice shall provide the following information:
(1) The name of the parties to the proceeding;
(2) The date the notice was served and the effective date of the decision;
(3) A statement informing the parties of their right to appeal the decision to the Commission pursuant to § 171.44 as well as their right to seek a stay of the decision pending Commission consideration of their appeal pursuant to § 171.43;
(4) A description of the action taken and the reasons for the action;
(5) Findings of fact and conclusions of law on all issues relevant to its decision;
(6) A determination of the appropriate relief based on the findings and conclusions.